The short-term price movement is heavily dependent on the upcoming earnings report, however recent geopolitical events cannot be overlooked either. Even if delivery numbers are met, I don't think we can expect a substantial push to the upside given the uncertain geopolitical climate. On an earnings beat, I would expect the stock to retest the $30 resistance and perhaps flip it to support.
If the delivery numbers come up short, I expect the stock to retest the support at the $16-$17 levels.
Love the company and I'm invested heavily, however, I would take a risk-off approach heading into earnings.
If the delivery numbers come up short, I expect the stock to retest the support at the $16-$17 levels.
Love the company and I'm invested heavily, however, I would take a risk-off approach heading into earnings.
Note
forgot to mention...This is not financial advice, dyor.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.